Thinking of taking an early payout from your employer-sponsored retirement savings plan? You may want to think twice. If you cash in your plan assets before you reach age 59½, you'll potentially face steep taxes, which can reduce your payout by as much as half its value. You'll also be undermining your retirement by no longer being able to grow your savings through tax-deferred compounding.
To find out just how much money you would potentially receive, after taxes and penalties, if you cashed in your retirement savings early, fill in the information below, then click Submit. Go to disclosures